Newest Numbers Show New Home Closings Rise in Longview, Prices Decline
Posted on: Apr 06, 2014 07:24:33 AM
New home closings climbed year-over-year in January in the Longview, WA market,. Closings stood at 4 in January after being 1 a year earlier and remaining unchanged at 4 in December from a year earlier.
A total of 45 new homes were sold during the 12 months that ended in January, up from 42 for the year that ended in December.
New home closings were 4 out of 101 total closings, making up 4.0%. This is up on a percentage basis from 1 of 94 a year earlier. After remaining steady in December from a year earlier, closings of new and existing homes rose in January.
The average new home price was $269,854, down from $331,767 a year earlier. This followed a 56.5% hike in December year-over-year.
Other Market Trends
There was no change in the composition of the new home market with regard to the types of properties sold in January 2014.